OCBC Bank after hitting the high of 9.45 on 21st April 2016 it had since continued to drift lower to touch 8.53 on 4th May 2016. This is rather Bearish.
Today closing price of 8.53 couple with high volume is rather negative.
Also both Macd & Rsi are pointing downwards which may be a tell tale sign that the share price may continue to head lower.
Let's see if it is able to hold above 8.50. Falling which it may continue to trend lower towards 8.23 then 8.00 with extension to 7.70.
(trade base on your own decision)
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